Are there any clauses in a insurance contract that allows an insurer to not pay claims if too many people die from Covid virus?
Is there a risk that insurance customers will be left out to dry?
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Sign up to join this communityAre there any clauses in a insurance contract that allows an insurer to not pay claims if too many people die from Covid virus?
Is there a risk that insurance customers will be left out to dry?
The insurance company could go bankrupt.
But a reputable insurance company will have their own insurance, called reinsurance, to protect their policy-holders and their investors from this possibility.